Real estate

Secondaries funds raised nearly $39bn in the first quarter of 2026, Secondaries Investor data shows.

PEI Group’s latest GP-led Secondaries report uncovers what comes next for this burgeoning corner of the market.

The platform will focus on opportunities in the US and Europe, with future growth contingent upon its track record.

LPs are taking an increasingly proactive approach to the secondaries market, while CVs will represent 10-20% of PE exits, managing partner Yann Robard said at NEXUS 2026.

Secondaries Investor congratulated the winners of our Americas Awards at an invite-only dinner held at PEI’s NEXUS conference last week, supported by Kirkland & Ellis and StepStone.

From increased LP selling to a new normal for CVs, here are some of the events that attendees at PEI Group’s NEXUS 2026 conference expect to see in the secondaries market this year.

‘Today’s market for secondaries has evolved to a market of asset selection and cherry picking,’ Ardian’s Wilfred Small told attendees at PEI’s conference.

Exit volumes will move assets’ cashflows forward allowing secondaries buyers to offer higher prices, which in turn should pull sellers into the market, Blackstone’s global head of Strategic Partners said at Nexus 2026.

In this edition of Secondaries Investor’s Second Thoughts podcast, Evercore’s global head of private capital advisory Nigel Dawn discusses the outlook for activity in 2026 and the key trends shaping the capitalisation of the market over the longer term.

Real estate secondaries deal volume could double in the next several years as distributions across the asset class remain subdued, according to a report.